Socket Mobile (Nasdaq:SCKT) - Stock Price, News & Analysis

SCKT Stock Overview

Provides data capture and delivery solutions in the United States, Europe, Asia, and internationally.

SCKT fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Risk Analysis

Does not have a meaningful market cap ($9M)

Earnings have declined by 8.2% per year over past 5 years

Shareholders have been diluted in the past year

Socket Mobile, Inc. Competitors

Video Display

OTCPK:VIDE

US$5.9m

Qualstar

OTCPK:QBAK

US$6.1m

Boxlight

NasdaqCM:BOXL

US$4.5m

Borqs Technologies

OTCPK:BRQS.F

US$5.3m

Price History & Performance

Summary of all time highs, changes and price drops for Socket Mobile
Historical stock prices
Current Share Price	US$1.18
52 Week High	US$1.53
52 Week Low	US$0.90
Beta	0.84
11 Month Change	3.51%
3 Month Change	-9.23%
1 Year Change	-7.81%
33 Year Change	-82.90%
5 Year Change	-48.70%
Change since IPO	-98.07%

We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Aug 05

Recent updates

We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Aug 05

There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise

May 21

Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?

Oct 22

Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital

Jan 12

Socket Mobile updates barcode scanners to support iOS 16

Sep 26

We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease

Sep 20

Socket Mobile: Management's Ability To Weather Supply Chain Disruption Is Unparalleled

Dec 01

Shareholders Shouldn’t Be Too Comfortable With Socket Mobile's (NASDAQ:SCKT) Strong Earnings

Nov 19

Socket Mobile: An Amazing Economy Re-Opening Play

Sep 27

Socket Mobile's (NASDAQ:SCKT) Returns On Capital Not Reflecting Well On The Business

Aug 30

Socket Mobile: An Asset Light Undervalued Powerhouse

Jul 15

Socket Mobile skyrockets on contactless reader clearing Google Wallet Certification

Nov 18

Socket Mobile launches Durasled for iPhone SE 2020

Nov 04

Socket Mobile share jumps 40% PM on SocketScan achieving Apple Pay compatibility

Oct 28

Shareholder Returns

	SCKT	US Tech	US Market
7D	19.8%	0.4%	0.1%
1Y	-7.8%	26.9%	24.9%

Return vs Industry: SCKT underperformed the US Tech industry which returned 26.9% over the past year.

Return vs Market: SCKT underperformed the US Market which returned 24.9% over the past year.

Price Volatility

Is SCKT's price volatile compared to industry and market?
SCKT volatility
SCKT Average Weekly Movement	6.6%
Tech Industry Average Movement	7.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.1%
10% least volatile stocks in US Market	3.2%

Stable Share Price: SCKT's share price has been volatile over the past 3 months.

Volatility Over Time: SCKT's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	61	Kevin Mills	www.socketmobile.com

Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education. The company also offers cordless data capture devices that connect through Bluetooth and work with applications running on smartphones, mobile computers, and tablets; SocketScan and DuraScan 700 series, companion scanners and 800 series, attachable scanners, and wearables; and DuraSled, a barcode scanning sled that protects phones from impact damage and provides charging solutions.

Socket Mobile, Inc. Fundamentals Summary

How do Socket Mobile's earnings and revenue compare to its market cap?
SCKT fundamental statistics
Market cap	US$8.66m
Earnings (TTM)	-US$1.58m
Revenue (TTM)	US$17.66m

0.5x

P/S Ratio

-5.7x

P/E Ratio

Is SCKT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SCKT income statement (TTM)
Revenue	US$17.66m
Cost of Revenue	US$8.84m
Gross Profit	US$8.83m
Other Expenses	US$10.41m
Earnings	-US$1.58m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.21
Gross Margin	49.98%
Net Profit Margin	-8.93%
Debt/Equity Ratio	15.9%

How did SCKT perform over the long term?

See historical performance and comparison

SCKT Stock Overview

Rewards

Risk Analysis

Socket Mobile, Inc. Competitors

OTCPK:VIDE

US$5.9m

OTCPK:QBAK

US$6.1m

NasdaqCM:BOXL

US$4.5m

OTCPK:BRQS.F

US$5.3m

Price History & Performance

Recent News & Updates

Socket Mobile, Inc. announced that it has received $1 million in funding

Socket Mobile, Inc. announced that it has received $1 million in funding

Socket Mobile, Inc. Launches SocketScan S320 Countertop QR Code Payment Reader

We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Second quarter 2024 earnings released: US$0.08 loss per share (vs US$0.062 loss in 2Q 2023)

Socket Mobile Launches XtremeScan XG640, a Rugged BYOD Scanner for Transportation & Logistics

Recent updates

Socket Mobile, Inc. announced that it has received $1 million in funding

Socket Mobile, Inc. announced that it has received $1 million in funding

Socket Mobile, Inc. Launches SocketScan S320 Countertop QR Code Payment Reader

We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Second quarter 2024 earnings released: US$0.08 loss per share (vs US$0.062 loss in 2Q 2023)

Socket Mobile Launches XtremeScan XG640, a Rugged BYOD Scanner for Transportation & Logistics

Socket Mobile, Inc. to Report Q2, 2024 Results on Jul 31, 2024

There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise

Insufficient new directors

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: US$0.075 loss per share (vs US$0.12 loss in 1Q 2023)

Socket Mobile, Inc. to Report Q1, 2024 Results on May 01, 2024

Socket Mobile, Inc Announces SocketCam Advanced Camera Scanning Support for Flutter

Socket Mobile, Inc., Annual General Meeting, May 15, 2024

Socket Mobile, Inc. Announces SocketCam Advanced Camera Scanning Support for React Native

Full year 2023 earnings released: US$0.027 loss per share (vs US$0.011 profit in FY 2022)

Socket Mobile, Inc. to Report Fiscal Year 2023 Results on Mar 05, 2024

Socket Mobile Announces Durasled Models for Iphone 15

Socket Mobile, Inc. Adds Upgrade Option to Free Camera Barcode Scanner on Android

Third quarter 2023 earnings released: US$0.018 loss per share (vs US$0.11 loss in 3Q 2022)

Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?

Socket Mobile, Inc. to Report Q3, 2023 Results on Oct 27, 2023

Socket Mobile, Inc. Expands DuraScan Wear Line to Enable 2D Barcode Scanning

Socket Mobile Expands New Industrial XtremeScan Line to Enable the Latest iPhones with 2D Barcode Scanning

Socket Mobile, Inc. Announces Upgrade from its Free SocketCam C820 to SocketCam C860

New major risk - Market cap size

Socket Mobile, Inc. Announces the Launch of the XtremeScan™ Line of Industrial Barcode Scanning Solutions for iPhone 14 and 14 Pro

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: US$0.072 loss per share (vs US$0.013 profit in 2Q 2022)

Socket Mobile, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Socket Mobile, Inc. Approves the Election of Giacomo Marini as Director

President exercised options to buy US$124k worth of stock.

First quarter 2023 earnings released: US$0.12 loss per share (vs US$0.043 profit in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.012 (vs US$0.58 in FY 2021)

Socket Mobile, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Socket Mobile, Inc. Announces DuraSled Model for iPhone 14

Investor sentiment improved over the past week

Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital

Insufficient new directors

Socket Mobile Announces .NET MAUI for CaptureSDK

Investor sentiment deteriorated over the past week

Insufficient new directors

Socket Mobile, Inc.'s CaptureSDK Is Fully Compatible with IpadOS 16

Third quarter 2022 earnings released: US$0.12 loss per share (vs US$0.082 profit in 3Q 2021)

Socket Mobile, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Socket Mobile Announces New SocketScan S820, DuraScan D820, and DuraSled Ds820 Linear Barcode Plus QR Code Scanners

Investor sentiment deteriorated over the past week

Socket Mobile, Inc Announces iOS 16 and Swift Package Manager Support for CaptureSDK

Socket Mobile updates barcode scanners to support iOS 16

We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease

Socket Mobile Launches SM Keyboard Application on iOS with SocketCam C820 Support

Second quarter 2022 earnings released: EPS: US$0.014 (vs US$0.34 in 2Q 2021)

Socket Mobile, Inc. Appoints Laura Weinstein to Board of Directors

Socket Mobile, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Socket Mobile Announces SocketScan S720, Linear Barcode Plus QR Code Reader

Socket Mobile, Inc. Announces Socketscan S370, Universal NFC & QR Code Mobile Wallet Reader

Return Trends At Socket Mobile (NASDAQ:SCKT) Aren't Appealing

Insufficient new directors

Now 20% undervalued after recent price drop